Construction Projects are complex and high stakes. These Projects carry numerous risk elements, including but not limited to Scope of Works (SOW), Design Philosophy, Site Conditions, Weather, Interface Matrix, and express or implied contractual provisions. To effectively mitigate or (alleviate) these associated risks, Contract serves as the ultimate guide as it defines the rights, responsibilities, and obligations of Parties involved, establishing the framework for risk allocation, payment structures, timelines, and dispute resolution. Without a clear understanding of these contractual provisions, Projects are susceptible to mismanagement, cost overruns, delays, and legal disputes.
Once the CAD presentation has been reviewed and discussed with the key personnel, it should be distributed to all the Project departments. Each discipline must thoroughly understand the Contract requirements for their scope of work and become familiar with the Contract procedures.
Engineering team can identify & advise on the technical risks.
Procurement team can identify & advise on long lead items and market trends for suppliers/subcontractors.
Construction managers can evaluate & advise on actual site conditions.
Planning team can advise on critical items/activities for the Project.
Quality and Safety team can evaluate stringent requirements to be followed at Site.
Logistics team can identify risks on the supply chain.
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